Home  Finance Articles  Discussion  Our Blog / Member Blogs           
SavingAdvice.com Logo Grocery Coupon Money Saving Guide
A guide that shows you how to save money on groceries
Teaching you to Save Money

Go Back   Personal Finance Forums > Financial Chit Chat > Personal Finance

Personal Finance Credit cards, home loans, retirement plans and taxes. The place for all your personal finance questions.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 08-30-2006, 11:26 AM
jmjj215's Avatar
jmjj215 jmjj215 is offline
$ Saving College Senior
 
Join Date: Sep 2004
Location: In My Office
Posts: 1,658
Points: 22288.20
Donate
Default Evade taxes for a few hundred bucks

We bought two used cars last week and in the negotiation process I was trying my best to move these guys down in price as low as humanly possible. They finally said, "yeah, we'll do XX price".

So when I sit down with them to go through the paperwork they start telling me on paper the prices of the cars will be A and B, but I will actually pay them C and D. We'll then split the texas sales tax savings and all be doing great.

We practically walked out of there. My wife really did stand up and say, "We're out of here." I waited, and we ended up buying the two cars at the up front, legit price. They were a great deal either way (well, time will tell I guess).

At any rate, interesting experience. I ask the dealer, what will happen if you get caught? "I'll go to jail." Nice plan dude.
Reply With Quote
  #2 (permalink)  
Old 08-30-2006, 12:10 PM
b4freedom's Avatar
b4freedom b4freedom is offline
$ Saving HS Senior
 
Join Date: Jun 2006
Posts: 328
Points: 8061.40
Donate
Default Re: Evade taxes for a few hundred bucks

A lot of people actually do this, and they end up the biggest losers. The bigger problem isn’t so much that you cheated the government; the bigger problem is that you lose some legal rights. For example, if you buy a car for $10,000, but the bill of sale is for $5000 and it turns out that the car is a lemon, when you go before a judge, the judge can’t award you $10,000, but only $5000 unless you want to admit to defrauding the government. And even if you admit to it, you face criminal prosecution and he probably will end up rewarding you nothing and ceasing your vehicle.

Salesmen love this kind of deal because they know that the customer has more to lose then they do. Personally, I’d report them. Not only are these men defrauding the government and the tax payers; but most likely they are defrauding their customers as well.
__________________
I just don’t need it!
Reply With Quote
  #3 (permalink)  
Old 08-30-2006, 01:54 PM
boefixepa's Avatar
boefixepa boefixepa is offline
$ Saving College Junior
 
Join Date: Apr 2006
Posts: 1,099
Points: 12478.80
Donate
Default Re: Evade taxes for a few hundred bucks

I'm with reporting them as soon as you have the titles to the new cars free and clear. This is just plain out wrong!

By the way...welcome back from wherever you've been..
__________________
A fantasy becomes a dissatisfaction. A dissatisfaction becomes a desire. A desire becomes a want. A want becomes a need. A need becomes a matter of life and death. --Concept taken from "My Year Without Spending"

Thoughts lead to acts, acts lead to habits, habits lead to character - and our character will determine our eternal destiny. -- Ezra Taft Benson
Reply With Quote
  #4 (permalink)  
Old 08-30-2006, 04:20 PM
Bookie Bookie is offline
$ Saving College Freshman
 
Join Date: May 2006
Posts: 629
Points: 6275.30
Donate
Default Re: Evade taxes for a few hundred bucks

If they will cheat in one area of their business, they will cheat in others.

Do you want to trust them to treat you fairly in the transaction?
Reply With Quote
  #5 (permalink)  
Old 08-30-2006, 09:59 PM
Snoopy2645 Snoopy2645 is offline
$ Saving College Freshman
 
Join Date: May 2005
Location: IA
Posts: 731
Last Blog Entry: SPRING IS ROUNDING UP
Points: 9128.70
Donate
Default Re: Evade taxes for a few hundred bucks

Well with my whole family being in the used car business my whole life I must say I am shocked!!! I guess I am just suprised a dealer would suggest this they really should know better!!!
Reply With Quote
  #6 (permalink)  
Old 08-31-2006, 05:34 AM
LuxLiving's Avatar
LuxLiving LuxLiving is offline
$ Saving College Senior
 
Join Date: Jul 2006
Location: MidSouth
Posts: 2,276
Last Blog Entry: Momma Always said...
Points: 19470.90
Donate
Default Re: Evade taxes for a few hundred bucks

“No man can climb out beyond the limitations of his own character". ~~John Morley (Viscount of Blackburn)
Reply With Quote
  #7 (permalink)  
Old 08-31-2006, 08:09 AM
poundwise's Avatar
poundwise poundwise is offline
Debt Freedom Fighter
 
Join Date: May 2006
Posts: 1,940
Points: 13565.20
Donate
Default Re: Evade taxes for a few hundred bucks

Quote:
Originally Posted by jmjj215
We practically walked out of there. My wife really did stand up and say, "We're out of here." I waited, and we ended up buying the two cars at the up front, legit price. They were a great deal either way (well, time will tell I guess).
I'm with your wife. I would have walked out of there. I don't deal with people like this. They prove, by their actions, that they are not trustworthy. Plus, I'd rather give my business to someone else.


__________________

"A budget is a mathematical confirmation of your suspicions." - A.A. Latimer
Reply With Quote
  #8 (permalink)  
Old 09-01-2006, 07:07 PM
lrjohnson lrjohnson is offline
$ Saving College Sophomore
 
Join Date: Jan 2005
Location: Northern CA
Posts: 943
Last Blog Entry: Splurge Complete
Points: 11502.20
Donate
Default Re: Evade taxes for a few hundred bucks

Jesse,
Nice to see yer big grin again.
Laurel
Reply With Quote
  #9 (permalink)  
Old 09-02-2006, 06:32 AM
jhon25
 
Posts: n/a
Points:
Donate
Default Re: Evade taxes for a few hundred bucks

My brother gets customers all the time who want him to cheat but he would never do it I think both parties could end up screwed if they did not to mention huge fines & licenenses.
Reply With Quote
  #10 (permalink)  
Old 09-20-2006, 07:57 PM
jmjj215's Avatar
jmjj215 jmjj215 is offline
$ Saving College Senior
 
Join Date: Sep 2004
Location: In My Office
Posts: 1,658
Points: 22288.20
Donate
Default Re: Evade taxes for a few hundred bucks

I suppose in hindsight I should have just walked out of there. It is true that someone else probably deserved the business much, much more.
Reply With Quote
  #11 (permalink)  
Old 09-21-2006, 08:42 AM
MonkeyMama's Avatar
MonkeyMama MonkeyMama is offline
$ Saving College Junior
 
Join Date: Sep 2006
Location: Northern California
Posts: 1,363
Last Blog Entry: $20 Challenge & Thoughts on 2008
Points: 6967.40
Donate
Default Re: Evade taxes for a few hundred bucks

That reminds me, I Was to buy a used car when the seller propositioned this. I didn't agree. When I took the car to a mechanic, found out it had some body damage. The guy also did something funny with the car to pass smog (paid a friend mechanic I guess). Didn't get the car...

Funny when I backed out of the deal he practically tried to give the car away. At that point, so not interested...

Just wanted to say I am with the whole idea that you just don't want to deal with people like this in general.

I have been lucky to overall not come into people like this when used car shopping. These stories scare people from buying used.
Reply With Quote
  #12 (permalink)  
Old 09-21-2006, 09:39 AM
MonkeyMama's Avatar
MonkeyMama MonkeyMama is offline
$ Saving College Junior
 
Join Date: Sep 2006
Location: Northern California
Posts: 1,363
Last Blog Entry: $20 Challenge & Thoughts on 2008
Points: 6967.40
Donate
Default Re: Evade taxes for a few hundred bucks

I just realized you were talking dealer. Doesn't surprised me - I just think car dealers are are the low of the low - I do not like dealing with them. Then again a car dealer has never put that offer on the table with me.

Wow - I would report that indeed...
Reply With Quote
  #13 (permalink)  
Old 09-23-2006, 03:37 PM
neatdesign's Avatar
neatdesign neatdesign is offline
$ Saving HS Senior
 
Join Date: Apr 2005
Location: Virginia, USA
Posts: 291
Points: 5339.90
Donate
Default Re: Evade taxes for a few hundred bucks

I guess it's too late to take the cars back to them and tell them that you choose not to deal with criminals...

~ Jenney
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Free $5 Trade Secret Beauty Bucks Kimmie628 Gift / Gift Card 0 08-12-2006 06:34 AM
No Name Doesn't Mean No Taxes jeffrey Personal Finance News, Articles & Blog Posts 0 02-09-2006 10:44 PM
Big bucks in muzzling dog breath PrincessPerky Personal Finance News, Articles & Blog Posts 2 08-03-2005 03:25 AM
Burger King Offers Burger Bucks For SpongeBob jeffrey Personal Finance News, Articles & Blog Posts 0 12-03-2004 09:57 PM
Do Achy Backs Really Save Big Bucks? jeffrey Grocery Articles 0 09-03-2004 09:10 AM


All times are GMT -7. The time now is 01:23 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.
More Links Debt Consolidation Loans | Finance Options

About Us | Advertising | Privacy Policy | Link To Us | Resources | Webmasters | Media | Jobs | Site Map | Contact Us

Copyright ©2002-2009 SavingAdvice.com. All rights reserved.

Please read our Disclaimer

 

Featured Sponsors
IVA uk definitive guide
Bad Credit Loans
IVA Forum
IVA Book
Private Student Loans
Credit Cards
Payday Loans
moving
Student Loans
Online Shopping
Dell Coupons
Cash Loans
Credit Card Processing
Back to School
Apply Now for Personal Loans

Partners
Debt Reduction
Blogging Away Debt
Budget Stretcher
DivaTribe
Thrifty Fun
Money Talk
Online Personal Budgeting
Budget Dial